iPathÂ® Pure Beta Lead ETN (LEDD)

Investment Objective

The iPath ® Pure Beta Lead ETN is designed to provide investors with exposure to the Barclays Lead Pure Beta Total Return Index.
The Barclays Lead Pure Beta Total Return Index (the "Index") reflects the returns that are potentially available through an unleveraged investment in the futures contracts in the Lead markets. The Index may roll into one of a number of futures contracts with varying expiration dates, as selected using the Barclays Pure Beta Series 2 Methodology.